As Reward’s landmark wellbeing research launches, Jenna Gadhavi, special projects editor, examines why it is crucial for employers to understand workplace wellness
Wellbeing can be a vague term, with many companies finding it difficult to define, and tougher still to justify in a business case.
Is it a frame of mind? Physical fitness? Financial security? General happiness? There is no single answer.
But regardless of how it is defined, wellbeing at work has become a key concern for HR directors in the UK, and it’s easy to see why. Ultimately a workforce who are happier, healthier and present can only be a good thing.
That is why we wanted to find out how companies are approaching wellbeing in the workplace, what it means in practice, and what the challenges are. So earlier this year we spoke to 201 HR and reward professionals to find out their answers to those very questions.
Our survey found that although 88% of respondents believe that staff wellbeing is ‘important or very important’ to the overall success of their business, yet only half of those respondents actually have a formal corporate wellbeing strategy in place.
And with justifying return on investment, lack of senior management commitment, and lack of time coming out on top as the key barriers to building a wellbeing strategy, it became clear that there is still much work to do to raise awareness and engagement in this space.
The report includes examples of best practice through case studies, commentary from industry spokespeople and thought-provoking panel debates that delve further into the survey findings.
Thank you also to our sponsors, Generali, Legal & General, Mybenefitsatwork, VSP, WEALTH at Work and Westfield Health for supporting the project.
We hope you will find the results as illuminating as we have.